Tuesday, March 1, 2016

Finance: USD 4 Billion Invested in Geothermal Energy in 2015

A record US$367 billion was invested in renewable power in 2015—a third of a trillion dollars. That’s serious money. Clean energy has real momentum, and the commitments underpinning the Paris Agreement on climate change will keep that momentum going.

There’s money to be made and money to be saved. For renewable power developers, declining technology and financing costs mean the profits are getting fatter.

Beating even bullish projections, global investment in clean energy hit a new record in 2015. More than a third of a trillion dollars was invested around the world last year, a healthy seven per cent increase over 2014.

Continuing recent trends, China, the United States and Japan were dominant, together making well over half of that investment.